Bakken Energy Corp. (BKEN)

[fawd]

Some DD on Indigo Resources, Ltd. Think this may have already been posted, but what the hell.

IMO it's is HUGE that we're partnering with this company. They are already very established. This is a great validator for Bakken Energy, Nations Oil & Gas, and those involved.

Indigo Resources, Ltd. of The Woodlands, Texas plans to build a rail to barge facility in Osceola, Arkansas, to improve movement of Bakken and Canadian crude to Gulf Coast markets. A 610-acre site at mile marker 784.5 on the Mississippi River will have 3,000’ of river frontage, three sets of manifolds, five rail loops, and 16 miles of track with room for 100+ car unit trains. The site has direct rail access to Minot and Tioga, with shipments moving as much as three times faster than long rail hauls to the Gulf Coast. Increased speeds lead to higher tank car utilization or to put it another way – cost savings. Deliveries are expected to take less than 10 days and savings is estimated at $1-2/bbl compared to rail alone. 15 refineries with 3.4 million bbl/day demand are downstream of the site on the Mississippi River. The terminal will have the capacity to unload two unit trains of light crude per day and three to four manifest trains of bitumen per week. “Combining rail and barge will lower the overall cost to the market” explains John Park, Director of Indigo Resources Ltd. “Plus due to our location, Indigo will be able to turn around the unit trains faster and in today’s high cost of rolling stock, this is an added bonus.” The facility will be flexible enough to handle multiple crude types and Indigo Resources expects deliveries from Canada, Colorado, Montana, North Dakota, and Wyoming. Construction is expected to begin in the fourth quarter of 2013 and the facility should be in service in late 2014

I'd like to also emphasize again... This LOI was signed in conjunction with Indigo Resources, Ltd. NOT[/b] an LOI signed within Bakken itself.

Nations Oil and Gas has signed a letter of Intent with Indigo Resources, Ltd to set up Joint Venture to access assets in Oil and Gas related properties in the Uinta Basin.

This LOI has been signed by BOTH Bakken and the HUGE/already established Indigo Resources. BIG TIME FELLAS!